Prudential ups Apple target; says Mac, iPod sales to boost earnings

Apple Store“Apple Inc.’s share-price forecast was increased 8.7 percent at Prudential Equity Group LLC, which said rising sales of Macintosh computers and iPods as well as the introduction of the iPhone will boost earnings,” Lynn Thomasson reports for Bloomberg.

“‘We have become more optimistic about Apple’s growth prospects – both for existing and new products,’ Prudential analyst Jesse Tortora wrote in a note to clients,” Thomasson reports.

“Tortora, who has an ‘overweight” rating on Apple, boosted his share-price forecast by $10 to $125,” Thomasson reports.

Full article here.

29 Comments

  1. I have to admit, I find it a little disappointing that posts like the one above, though obviously still not the real TT, are all it took to make him leave. I thought he had thicker skin than that, considering what a lot of us have had to put up with. Did I miss some really nasty ones?

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